QuantumScape (QS) Soaring on Partner News; SmileDirectClub (SDC) Still Dominates Reddit Chatter
QuantumScape (QS) is moving quickly during the morning trading session following a Form 8-K filing indicating that QuantumScape has entered into an agreement with yet another big player in automotive manufacturing. The new partner, referred to as another “Top 10 global automotive manufacturer” will reportedly purchase 10MWh of capacity from QS, given the lithium battery company meets the milestones for their pre-pilot product, QS-01.
On this news, shared via the official QuantumScape Twitter page, QS has reclaimed all of yesterday’s losses, and some. At the time of writing, QS is currently up 15.06% ($3.13) to $23.92 per share.
Yesterday’s flow for QS was more or less reflective of the rest of the market, with bearish flow dominating the beginning of the day. At the end of the day, however, a series of deep in the money orders came in for the $10 strike, expiring this week on September 24, 2021. This morning's flow, however, shows strong bullish expectations following this news.
SmileDirectClub (SDC)
is still dominating social media this morning. Yesterday’s flow (pictured below) maintained a bullish sentiment amidst an overall red market day, with 56.45% of orders placed triggered as bullish by the Flow tool.
This morning the flow is more mixed, with 48.35% of orders on the bullish side. It’s worth noting that although SDC is currently down 3% on the day, the stock is still up 10.5% on the week. According to the Unusual Whales Socials tool (pictured in the headline), SDC still holds the most-talked-about slot (second only to SPY), and continues to see bullish expectations from the folks of Reddit.
